Topic: Don't look at btc every five minutes - page 25. (Read 2443 times)
This is the error of all who work with crypto currency. Watch every 5 minutes a course - it's just yourself to drive into stress.
This is a mistake a lot of us make. If you track btc every minute you are more prone to panic selling. Btc has a lot of ups and downs, if you are in it long term the short price has little meaning
Yes you are right it can cause panic selling when you keep on monitoring the price,votality of price is always at stake and corrections will happen anytime.Holders must have strong minds and hearts in this kind of business because if you are weak you can't last this community for all we know this is for long term investments. 
I think that looking at BTC prices every minute or every 5 minutes might not be of much use, unless you are a day trader. However, I do like checking the prices several times a day to have an idea of what's going on, and be prepared in case a major dip / crash is coming. I also find it interesting to see how a currency can fluctuate so much in just a couple hours or just a few minutes.
If you check bitcoin price several times, there will be a high probability of panic selling. It's the nature of human. Despite we know cryptocurrenices and its fluctuations that are normal, again we panic.
I totally agree with it, while yes it gives us thrill whenever the trend it upwards but it also gives us FUD whenever it is going down, hence will lead us in panic selling which is not good at all.
It will be a roller coaster ride since Bitcoin is very volatile so it is advisable not to check every time.
It will be a roller coaster ride since Bitcoin is very volatile so it is advisable not to check every time.
I think that looking at BTC prices every minute or every 5 minutes might not be of much use, unless you are a day trader. However, I do like checking the prices several times a day to have an idea of what's going on, and be prepared in case a major dip / crash is coming. I also find it interesting to see how a currency can fluctuate so much in just a couple hours or just a few minutes.
These are usually people with $100-$500 invested. They keep checking prices every now and then and waste hours on this.
Too exhausting also should i see the btc price movement in the market every five minutes or sound silly. In fact, i am not really think about how much bitcoin price now. What i do just looking profits in trading.
BTC's price is very volatile, it changes rapidly and also it changes the value of your investment rapidly too. Tracking your investment time after time is not bad at all it just simply means that you're checking your investment. However, too much of it will make you paranoid on what will happen next on BTC.
Exactly and this is what prevents panic buying or panic selling. I call it as a 'constant real-time Bitcoin price checking syndrome' and it is a real threat while trading or investing in Bitcoin. If someone has invested their money after doing the research about the market and possible growth for the same then there is no reason to check Bitcoin constantly. I agree that it is difficult to implement especially in the case where you have some investments in it but this is extremely necessary to prevent interest in the trading strategy and to achieve expected returns.
This is a mistake a lot of us make. If you track btc every minute you are more prone to panic selling. Btc has a lot of ups and downs, if you are in it long term the short price has little meaning
Yeah, it is also good strategy to buy and hold. It is not necessary to check BTC price every day especially if you are not trader
This is a mistake a lot of us make. If you track btc every minute you are more prone to panic selling. Btc has a lot of ups and downs, if you are in it long term the short price has little meaning
A lot of newbie is always doing this. They keep on tracking their bitcoin value every time like every single seconds. If they see any dump, they will be starting to afraid and it result to panic, the ending is selling at a low price. This is always the mistake of some newbie in trading crypto currency.
This is a mistake a lot of us make. If you track btc every minute you are more prone to panic selling. Btc has a lot of ups and downs, if you are in it long term the short price has little meaning
I'm actually guilty as I read the title haha, its true that most investors tend to get excited and always check the market from time to time though it is essential to monitor the values of our btc from time to time specially if you are day trading, it can affect your decisions and steps which may make you either greedy or fearful. There's no harm in checking the market from time to time as long as you can control yourself and the actions you make.
This is a mistake a lot of us make. If you track btc every minute you are more prone to panic selling. Btc has a lot of ups and downs, if you are in it long term the short price has little meaning
It is very tempting to check prices. I do not do this now as I hardly have so much time left from current job.
There should be something to stop us checking crypto price every five minute as this is very bad for health as well as wealth. It make us to do something not best for us so we make mistakes after keep watching this
This is a mistake a lot of us make. If you track btc every minute you are more prone to panic selling. Btc has a lot of ups and downs, if you are in it long term the short price has little meaning
i would like to agree to this. This is a common mistake for a beginner in which thinks that they already profited in just a small change in price of a token or bitcoin and thinks to sell their coin when they saw that the price drops a little.
This is a mistake a lot of us make. If you track btc every minute you are more prone to panic selling. Btc has a lot of ups and downs, if you are in it long term the short price has little meaning
It really depends on the situation you're into. If you're a day trader, then every minute counts. If you're waiting for the best price to buy, then a whole lot of movement can happen within those 5 minutes. So I don't think that you don't need to look at your investment every 5 minutes, but it depends on your technique.
This is a mistake a lot of us make. If you track btc every minute you are more prone to panic selling. Btc has a lot of ups and downs, if you are in it long term the short price has little meaning
This is really one of things new investors have in common. Has many side effects like a lot of time being lost in this useful practice.
This is a mistake a lot of us make. If you track btc every minute you are more prone to panic selling. Btc has a lot of ups and downs, if you are in it long term the short price has little meaning
I agree with you. That's what many bitcoin beginners do now. They've been watching the price of bitcoin ever since they bought it, and when the price of bitcoin goes down, they become scared and sell it.
in my opinion, to work invested bitcoin or follow the trading is indeed it should be for us to see or monitor this bitcoin price every second and minute whether up or down.
I sometimes look at the price update like even for less than a minute and I would not consider it a mistake. I even think that it is amazing that the price of a currency changes even just for a minute and it does not make me feel panicked to sell. You might say instead that if you are in long term, big changes in price especially downward should not affect you much
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